Main menu

Fraud Charge Nabs Ventura County Retailer

Fraud Charge Nabs Ventura County RetailerA man with business interests in Ventura County pleaded guilty to workers’ compensation fraud. He also pleaded guilty to sales tax evasion, filing false tax returns and failing to pay taxes on employee wages. In addition, he accepted responsibility for two special enhancements – white collar crime and excessive taking.

The man, Jeong Hwan Kim, 59, of Los Angeles operated more than 50 retail clothing stores in Southern California. He had stores in Los Angeles County as well as Orange County, San Diego County and Ventura County.

Investigators from the Department of Insurance say that Kim failed to report more than $29 million in retail sales. He also failed to accurately report $39 million in taxable income and $8 million in employee wages. By under-reporting, Kim evaded tax payments of nearly $6 million and reduced workers’ compensation insurance premiums by $350,000.

As part of his sentence agreement, Kim will repay more than $7.6 million in restitution and will serve two years in the county jail. If he does not complete the restitution within six months, he faces a sentence of 17 years in prison.

Ventura Fraud Lawyer

Governmental agencies vigorously prosecute attempts to defraud them. If you’re charged with fraud against a government agency, your first move should be to hire an experienced fraud lawyer like Robert Helfend.

Mr. Helfend practices criminal defense exclusively and takes cases in Ventura County. In nearly 35 years of practice, he has provided exceptional representation and counsel to thousands of Californians.

He fights aggressively for his clients to reduce or eliminate charges against them. That’s essential in California, where an accumulation of felony convictions can add up to lifetime imprisonment. Don’t settle for a timid defense attorney, or one who won’t fight for your rights in court.

About eileen peck

Eileen Peck is a graduate of the University of Michigan and holds a Bachelor of Arts Degree in Film and Television. She also holds an Associate Degree in Digital Electronics from Washtenaw Community College in Ann Arbor, MI. She worked for nearly 20 years in the Information Technology and networking fields for higher-education and non-profit institutions prior to establishing a freelance writing business in 2007. She offers a variety of business writing products for small- and medium-sized businesses, including web and marketing content, strategic business documents and business proposals.

Search

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.